Canadian master distributor M.A. Stewart & Sons has established an office and warehouse in Charlotte, N.C. The facility will function as a master distributor of commercial and industrial valves for all industries.
Demand for pipe in the United States is expected to increase 2/4% per year to 14.7 billion ft. in the year 2003, according to a new study from the Freedonia Group.
The industrial segment has missed out on the boom in the construction industry, due largely to the global economy and the accompanying sharp increases in imported goods, according to Cahners Economics.
The Industrial Distribution Group said that reduced demand for maintenance, repair, operations and production (MROP) products has caused a drop in earnings for the second quarter.